Business overview
- Location: Sunshine Coast & Hinterland, Queensland
- Price: $170,000 +SAV
- Property ID: 5291913
Description
NEWSAGENCY – Sunshine Coast ID#5291913 – Motivated sellers
SOLD
Strong retailing focus underpinned by high foot traffic from Lotteries trade. Latest Tatts corporate image installed. Excellent parking with undercover options. Major supermarket anchored centre surrounded by residential.
* Rent approx: $ 14,000 per month
* Turnover Newsagency : $ 556,974
* Turnover Soft Gambling : $ 2,762,876
* Turnover Commission lines : $ 235,388
* Trading : 5.5 Days
* Staff Wages Supporting Owners : $ 77,026
* Delivery Run : No
* Agencies : Golden Casket, Postpoint, Blueshyft
* Owners Profit : $ 167,678
* Stock (estimate) : $ 80,000 (stock not negotiable)
* Purchase Costs : Rental bond below + $ 180,000 including stock
+ approx 15% contract costs. Total Cash required estimate $320k+
NOTE :-
Landlord requires evidence of solid assets for rental bond security.
Either a >$30k cash surplus after purchase &/or House equity
An Assets & Liabilities statement is required
Rental bond could be $50,000 to $100,000+ subject to above
Sold by :-
Graham Randall on 0419 711 153 or graham@newsagenciesforsale.com.au